Ecuador amends consent solicitation at request of investors

Ecuador amends consent solicitation at request of investors

Bonds Debt Capital Markets Corporate & Sovereign Strategy Economy & Policy Fixed Income Ecuador Latin America Coronavirus

Ecuador announced on Tuesday that it had amended the consent solicitation seeking relief from short-term financial obligations in response to "constructive input from a group of institutional investors." On April 8, the Finance Ministry said it wanted to amend certain terms and conditions on 10 series of bonds maturing between 2022 and 2030.  This solicitation sought deferment until August of interest payments due between March 27 and July 15 and a reduction of interest payments by $0.50 for ea

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